Friday, April 3, 2020

G20 to inject $ 5,000 billion into global economy

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“We are firmly resolved to present a united front against this common threat,” said the representatives of the great world powers.

By Le Figaro with AFP

G20 leaders were brought together by videoconference.
G20 leaders were brought together by videoconference. GARY RAMAGE / AFP

G20 member countries have announced their intention to inject “more than 5000 billion dollars“In the global economy for”counter the social, economic and financial repercussions of the pandemicOf the new coronavirus, at a virtual emergency summit on Thursday. A figure that results from the addition of the measures taken by the states and central banks participating in this summit.

We are firmly resolved to present a united front against this common threat“Added the representatives of the major world powers in a statement issued after the videoconference meeting chaired by King Salman of Saudi Arabia.

The global toll of the Covid-19 pandemic has exceeded 21,000 dead and locked up in their homes in an unprecedented way more than three billion people.

The meeting came at a time when the major powers are working to mitigate the effects of the pandemic on their own economies, such as the United States, Germany or Saudi Arabia which is chairing the G20 this year.

The world’s 20 largest economies have also announced that they will work with international organizations “in order to deploy a set of solid, coherent, coordinated and rapid financial measures

They also called on these institutions, including the World Health Organization (WHO) and the International Monetary Fund (IMF), to “help emerging and developing countries cope with the health, economic and social shocks of Covid-19

»See also – Ursula Von der Leyen denounces every man for himself of the States facing the Covid-19

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